SCHEDULES
SCHEDULE 9Qualifying insurance policies
PART 1Amendments of Schedule 15 to ICTAetc
4
1
Paragraph 17 (substitutions) is amended as follows.
2
In sub-paragraph (2) before paragraph (a) insert—
za
the new policy cannot be a qualifying policy if the old policy was not a qualifying policy by virtue of—
i
paragraph A1(2), B1(2), B2(2) or B3(3) above, or
ii
sub-paragraph (i) above or this sub-paragraph;
3
In sub-paragraph (2)(a) after the first “not” insert “
and paragraph (za) above does not apply
”
.
4
In sub-paragraph (4) for “(2)” substitute “
(2)(a) to (c)
”
.
5
After sub-paragraph (4) insert—
5
In determining under sub-paragraph (2)(a) to (c) above whether the new policy would apart from this paragraph be a qualifying policy, paragraph A1 above is not to be applied in relation to the issue of the new policy; but this does not stop that paragraph being applied in relation to the issue of the new policy after this paragraph has been applied.